Marlette Holdings, a fintech company that operates the Best Egg personal finance products site, has acquired proptech firm Till, which allows consumer tenants to break up rent into multiple smaller payments during the month.
"The Till acquisition is an example of how we can leverage our strong financial position and capital markets expertise to scale innovative products," a company press release quoted Andrew Deringer, chief capital officer at Best Egg, as saying. "We will continue to look for strategic opportunities that create value for our customers as well as our shareholders."
It's an interesting crossover, where a company addressing other areas of consumer credit is moving into proptech through an acquisition. Recently, construction management software vendor Procore announced a cash cycle tool to reduce "payment friction by expediting invoice review and providing payment options powered by Goldman Sachs."
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